GBPUSD Breaking Structure and waiting for that flag
מעודכן
Breaking up the contracting triangle, I am seeing more clearly how this complex structure developed.
I am looking at the last impulse up as the (W)-wave with the correction making a (X)-wave down, the (Y)-wave making its own structure that then broke the triangle (but not yet completed the (Y)-wave.
This does not mean blindly entering a trade on the breakout, I will have to wait for a flag to prove it is valid.
I am looking at a risky entry order at the 38.2% FIB level @ 1.2470, I will use a low % of my account on this order, and I will also put an entry order @ 61.8% FIB @ 1.2436 for when it decides to make a bigger correction before going up to complete the z-wave and the (Y)-wave at the top
I am looking at the last impulse up as the (W)-wave with the correction making a (X)-wave down, the (Y)-wave making its own structure that then broke the triangle (but not yet completed the (Y)-wave.
This does not mean blindly entering a trade on the breakout, I will have to wait for a flag to prove it is valid.
I am looking at a risky entry order at the 38.2% FIB level @ 1.2470, I will use a low % of my account on this order, and I will also put an entry order @ 61.8% FIB @ 1.2436 for when it decides to make a bigger correction before going up to complete the z-wave and the (Y)-wave at the top
עסקה פעילה
Trade got tagged in on the entry order @ the 38.2% FIBעסקה פעילה
Trade got triggered on the 61.8% FIBהערה
News in 25 min, let's see if price breaks the top of the y-waveהערה
Looks like price is ready to go!!הערה
Moving Stop to entry level, for risk free trade.עסקה סגורה: היעד הושג
Target reached and trade closed
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